/biz/ - Business & Finance

>>52636100
>loses a large portion of it's mcap
mcap = last price * amount of circulation

/thread

It all goes into Cardano

>>52636100
>since ETH stakers are getting rugged
keep dreaming linkboi, how's your "proof of reserve" meme going?

>>52636145
I don't hold link

>>52636100
I don't see how ETH's marketcap is relevant for LINK services. They will all continue running. I guess you could say security is somewhat diminished because with POS higher marketcap means higher cost for 51% attack

>>52636145
then why can nobody unstake?

>>52636100
I was actually wondering the same thing
It's only a matter of time before the ETH normies who don't follow crypto day in and day out start to learn that they got rugged
Once that happens who knows how far the bottom can drop out

>>52636157
>They will all continue running
but what about price action? will it be minor due to exchange liquidity?
or will it have serious consequences on price?
I'm a retard

>>52636128
/thread

>>52636145
No it's actually real, they just completely removed any reference to a time frame like a few days ago. Cementing that it's actually over for ETH steakhouse bros

>>52636216
they're afraid if they let you redeem in the current (highly volatile) crypto environment that it'll crash the whole market. Honestly they're right

>>52636160
because it's part of the next hardfork, just as previously announced. it's already implemented on testnet and can be tested after relaunch.
>>52636216
they're just not sure what else goes into the shanghai hardfork so they removed the timeline for now. it'll still be part of it, chud.

>the trannies that have been dressing up in fursuits for years now front running (you) cant figure out a simple withdrawal feature
at least uniswap has all your trade data right?

>>52636232
so brian armstrong is the regulation here?
afaik the "staking" is just done on coinbase with his validators through cb ETH.
Can validator nodes also not redeem!?

>>52636269
eth literally does not have the unstake operation built yet

>>52636201
>but what about price action?
LINK used to move with ETH most of the time since it's an ERC token, so ETH shitting the bed would normally have a negative price effect on LINK. However, since 2020 and during the whole of 2021, ETH booming did absolutely 0 for the LINK price. I hope this means the reverse is also true.

From a TA perspective, the LINK/ETH chart looks like it finally bottomed out so there is room for LINK to make up the "muh 90% down vs ETH" when ETH decides to rug. We'll see. I'm feeling pretty good about the next 2 years though.

>>52636100
Blockchain agnostic, educate yourself. They'll just mint fork the token on another blockchain

Both are equally worthless. Sorry for your loss

lol lmao

>>52636314
hilarious